greece to actually change its laws so private creditors could no longer sue to collect if enough other creditors, like the e.c.b., also owned greek debt. could that serve as model for other countries? well, once you start changing laws, says hans humes, the sky's the limit. >> right now, we're teetering on something that's far worse than what we saw in latin america. >> reporter: in the 1980s or '90s you mean. >> yeah, i mean i lived in latin america, i saw it and i was part of the workout. this is worse. >> reporter: does lee buchheit then... >> have a lot of work? ( laughter ) >> reporter: yeah, i'm sure he has a lot of work, but does he bear a lot of the blame? >> no, no. i mean he's just reacting to the situation that's evolving. but i think there's a lot of concern that, if you have this legal coaching on how to really gut creditor rights, that you may actually end up in a situion ere nobodyantsto lend to countries. >> reporter: but if that's already a clear and present danger, we wondered why not just stiff the creditors? after all the history of sovereign debt is default, defaul